That is something we need in the moment of the 21st century,”

Solana hailed the development of relations between China and the Europea

n Union, saying they could work together to uphold the existing international system.

“I think cooperation between China and the European Union is very impor

tant. And fortunately, that relationship now is in a good direction,” said Solana, who se

rved as the EU’s high representative for common foreign and security policy between 1999 and 2009.

He expected China to play a bigger role in the upcoming Group of 20 summit in Osa

ka, Japan, saying that leaders of major powers should sit down and have productive talks.

He hailed the Belt and Road Initiative, and said it is a good platform for international cooperation.

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He said that it’s of great importance to promote such philos

philosophies to enhance the exchanges and mutual learning of diverse civilizations.

Frederick W. Russell-Rivoallan, a program specialist and head of social and human sciences for UNESCO, hailed the dialogue of Asian civilizations.

“It’s a great way to concentrate in this part of world, but it’s also

a global inspiration – bringing countries together, understanding other cultures, respecting each

other and sharing with each other,” he said. “That’s the way that we can understand each other better and live together better.”

China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the

average service rates by 15 percent for small and midsized enterprises this year. The measures are desi

gned to achieve multiplying effects of expanding domestic demand, boosting employment and improving people’s lives.

The decision was made at the State Council’s executive meeting chaired by Premier Li Keqiang on May 14.

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Uber was the biggest of a group of Silicon Valley startu

ups that have spent years raising money in private rounds at record prices. Many of these com

panies are now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable.

Workplace messaging company Slack Technologies Inc plans to hold an investor presentation on Monday in adv

ance of its direct listing next month. Grocery and food delivery platform Postmates, WeWork owner The We Co

mpany and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year.

“If a venture capital investor wants to burn cash they can do that as long as they want, bu

t once you get to the public markets you have to show profitability or a path to it,” said Jordan Stuart, a po

rtfolio manager at Federated Kaufmann who often purchases companies’ shares during an IPO.

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what their children are really good at-and when

To ease the anxiety of parents, especially moms, kids should be taught how to

be a good person, rather than just be good at cracking exams and earning good scores.

Parents should be happy if their children excel in their own chosen

fields, and teach them the importance of honesty, kindness and shared responsibilities.

These good traits will help the kids a lot in their future development.

Over-anxious parents, on the other hand, could prevent kids from excelling in even their own chosen fields.

Liu Xiuying, director of home education institute at China Youth and Children Research Center

The China Earthquake Administration pledged to enhance its earthquake detect

ion capability as it rolls out an experimental project in the country’s tremor-plagued southwestern region.

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No quick fix for decades-old Israeli-Palestinian enmity

Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin

ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u

pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.

Since Friday, militant groups in Gaza have fired more than 600 rockets a

nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit

h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.

The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po

licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.

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Only toward the end of the last century, global econom

 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

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We should extract the essence of Chinese traditional cult

ulture, which has contemporary value and relevance to the modern world, and show it. In this way we can on the one hand

tell the world how and why China is what it is, and on the other have Chinese and other civilizations create benefits for mankind.

It is hoped that the Conference on Dialogue of A

he measures that President Xi Jinping recently proposed to encourage foreign investment and further

opening-up in China are welcome developments that address the international community’s concerns, according to experts.

“The promises made are very positive, and all of them are helpful,” William Overholt, senior

research fellow at Harvard’s Kennedy School of Government, said of Xi’s keynote speech at t

he opening of the Second Belt and Road Forum for International Cooperation in Beijing.

Xi brought up a series of reform and opening-up measures, including expanding market access for foreign invest

ment in more areas and working harder to ensure the implementation of opening-up policies.

sian Civilizations will make fresh contributions to the construction of the community of shared future for mankind.

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In 2018, Huawei spent $15.3 billion on technology R&D

ranking in fourth place following Samsung, Google’s parent Alphabet and Amazon. Data als

o showed the company took 14 percent of its annual sales on research last year, the second-highest after Alphabet.

Huawei’s R&D spending totaled 480 billion yuan ($71.3 billion) over the past 10 years, ac

cording to its annual report. Besides, the tech behemoth achieved 721.2 billion yuan in global sales in 2018, a 19.5

percent increase year-on-year, and net profit reached 59.3 billion yuan, up 25.1 percent compared with a year earlier.

Smartphone sales from the company gained 348.9 billion yuan las

t year, a 45.1 percent rise year-on-year accounting for 48.4 percent of total revenue.

As of April 15, Huawei has secured 40 commercial contracts for 5G equipment and shi

pped over 70,000 5G base stations, the company announced at its annual Global Analyst Summit.

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China will improve the market environment for c

 car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum

ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.

By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried

out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes

e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh

ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha

n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n

one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue

sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow

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The eastern area and central China region are accele

rating the push for economic upgrading, which offers strong impetus for the growth. Despite the pressure, we still can see gr

owth momentum,” Zhang said during a macroeconomic seminar earlier this month in Beijing.

“Recently, the government has introduced a series of su

pportive policies which will gradually help grow the real economy,” Zhang added.

NDRC said a further 3.24 million new urban jobs were added in t

he first quarter, with surveyed unemployment ra

te remaining at a comparatively low level of 5.2 percent in March. And consu

mer prices registered a moderate rise of 1.8 percent in the first three months of this year.

A basic equilibrium in the balance of payments was maintai

ned, and China’s foreign exchange reserves exceeded $3 trillion, Yuan added.

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